WiTricity Extends Recent Funding by $18M for a Total of $52M

25 Feb, 2021

WiTricity Extends Recent Funding by $18M for a Total of $52M
Photo by Startaê Team on Unsplash

– WiTricity announced an additional $18m to its previously announced October fund raise of $34m.
– The extension included investments from Tony Fadell’s Future Shape and other private investors. Fadell also joins WiTricity’s newly formed Board of Advisors.
Stage 1 Ventures led the first tranche of $34m with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas).
– As global automakers race to support both consumer and government-generated demand for zero-emissions vehicles, they are also developing wireless charging capabilities that will improve the owner experience.

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